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Stealhead · 07-13-12, 06:34 PM

It is all about pleasing the shareholders the better the CEO does at pleasing them the bigger his parachute which means hundreds or even thousands loose jobs when the company goes down or and they make more quick money closing things down and selling the machinery to another lower wage paying nation which means even more profits for the share holders.This has been they way of things since at least the late 60's both parties have been in charge off and on since then and nothing has changed.

I know a few people that worked for a large electrical and hand tool product company their factory was the most effective one in the entire company so the workers of course had no fears of job loss because they did good work.As a result they did not feel too concerned when they started setting up a shop in Mexico and in China they even had the best people go and help get the new factories running.After a few years of operation the Mexican and Chinese factories could not keep up with production and where not making good profit.The company decided that the best course of action was to close down the US factory and keep the crappier ones open (low pay = more profit) to maximize things they decided not to gradually shut down the US factory or give the workers any clue of future plans.They just gathered all the workers together one day and said "thanks for the good work folks thanks for helping set up the new factories you are all fired."

The name of the company is Ideal Industries.

07-13-12, 06:34 PM	#3
Stealhead Navy Seal Join Date: Feb 2009 Location: Kentucky Posts: 5,421 Downloads: 85 Uploads: 0	It is all about pleasing the shareholders the better the CEO does at pleasing them the bigger his parachute which means hundreds or even thousands loose jobs when the company goes down or and they make more quick money closing things down and selling the machinery to another lower wage paying nation which means even more profits for the share holders.This has been they way of things since at least the late 60's both parties have been in charge off and on since then and nothing has changed. I know a few people that worked for a large electrical and hand tool product company their factory was the most effective one in the entire company so the workers of course had no fears of job loss because they did good work.As a result they did not feel too concerned when they started setting up a shop in Mexico and in China they even had the best people go and help get the new factories running.After a few years of operation the Mexican and Chinese factories could not keep up with production and where not making good profit.The company decided that the best course of action was to close down the US factory and keep the crappier ones open (low pay = more profit) to maximize things they decided not to gradually shut down the US factory or give the workers any clue of future plans.They just gathered all the workers together one day and said "thanks for the good work folks thanks for helping set up the new factories you are all fired." The name of the company is Ideal Industries. Last edited by Stealhead; 07-13-12 at 06:51 PM.